An error occured. Details Hide
You have unsaved pages. Restore Cancel

Taiwan, an island off the southwestern coast of China, is the most populous state and largest economy that is not a member of the United Nations. Today, Taiwan is home to 23.7 million people, a population comparable to that of Xinjiang, Beijing, and Shanghai. Despite a recent economic slowdown, Taiwan's GDP per capita stands at $25,000, nearly triple that of China. In terms of PPP, Taiwan ranks 77th in the world; China ranks 108th. 

While Taiwan is an economic success, the island remains economically dependent on China. Partner dependency and commodity concentration could prove troublesome for Taiwan if mainland-island relations deteriorate as a result of political backlash, for example. With US-China economic relations the subject of intense focus in recent months, we take a look in today's Viz of the Day at Taiwan's existing trade relations with these two countries and its vulnerability to disruptions in political and economic relations with either nation.

Related Data Insights

World Exporters of Crude Oil and Petroleum (JODI OIL)

Cuba: Planned Economy, Mixed Results

50+ Years of Cuba's economic performance | Who trades with Cuba?

Export Concentration Index: A Measure of Economic Vulnerability

The concentration index of exports estimates a country’s reliance on a limited group of commodities as its primary source of foreign exchange income. Ranging from 0 (perfect diversification) to 1 (concentrated on a single product)*, a comparison of index scores to the contribution of natural resources to GDP worldwide shows that countries that are resource-rich tend to have less diversified export bases.Last year Iraq’s export concentration index reached 0.97, driven by its export concentration in mineral fuels, namely oil. Other oil exporters—including Angola, Iran, Kuwait, and Nigeria, among others—likewise have high concentration scores....

Foreign Trade

Constantly increasing globalization and integration of the world, often emphasized in the modern times, is carried out mostly through merchandise trade. Nowadays, wide variety of goods are involved in merchandise trade, but traditional ones, such as fuels, mining products, machinery and transport still remain most tradable. International trade of services, including transport, tourism and financial services, is also gaining momentum headed by the US as the world leader in exports and imports of services. The data on these and other indicators covering the framework of foreign trade is presented in the below datasets and visualizations. See...